menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Financial Accounting Study Set 1
  4. Exam
    Exam 5: Accounting for Merchandising Operations
  5. Question
    A Quantity Discount Is
Solved

A Quantity Discount Is

Question 10

Question 10

Multiple Choice

A quantity discount is


A) an incentive for customers to pay quickly.
B) recorded as a contra revenue account.
C) considered to be a sales allowance.
D) a cash savings to the purchaser.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: The calculation of net purchases includes all

Q6: To increase their gross profit margin, a

Q7: Gross profit does NOT appear<br>A) on a

Q8: When recording a credit sale in a

Q9: Artist Company has net sales of $350,000

Q11: A perpetual inventory system makes it easier

Q12: Under a periodic inventory system, the sale

Q13: The following is a random list of

Q14: The Purchase Returns and Allowances account is

Q15: If a company has net sales of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines